(To read more on the industrial market, click here.)

HERNDON, VA-Chicago developer Fifield Cos. has purchased from Penzance Properties a 7.9-acre site at Dulles Corner office park here for $13.4 million. Bill Collins, Paul Collins, Drew Flood, and James Cassidy of Cassidy & Pinkard Colliers represented the seller.

Dulles View will be the Fifield’s first project in the DC area. The firm chose this particular site, though, because it could accommodate federally mandated 82-ft set-backs. Also, the approvals were already in place to begin construction.

The 82-ft set-backs have been a requirement, on the books at least, for many years but rarely strictly enforced. Last year, though, they were cited by the Department of Defense’s Base Realignment and Closure Commission as one reason why it was closing certain offices and bases in the Washington, DC area. Much confusion developed around how these standards were to be applied following the BRAC decision. Eventually it was determined that the requirement does not necessarily apply to all government-occupied buildings. Some government and military operations, though, will be required to adhere to the standards.

Dulles View is located at the northeast corner of the planned grade-separated interchange at Route 28 (Sully Road) and Frying Pan Road. Upon completion, the property will consist of two class A, eight-story office buildings, each totaling 177,401 rentable sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.